Outflow of funds from the Polkadot treasury: alarming signal or norm?
In April 2025, the Polkadot treasury went into the negative for the first time in a long time. Against the backdrop of declining DOT reserves, pressure from sellers, and delays with the spot ETF, the situation for holders looks rather pessimistic. Will the JAM upgrade pull the DOT price up?
The irony is that everything seemed to be going well: the token started to rise, but then the alarming signal lit up again. The financial indicators of the network went into the red zone.
The Polkadot treasury went into the negative
One of the active members of the Polkadot community noted that in April 2025, the network showed a negative net flow into the treasury for the first time.
This drop immediately raised questions among DOT holders, not only about current expenses but also about how sustainable everything looks in the long term.
In March, more than 962,000 DOT flowed into the treasury, and everything seemed normal then. But in April, the situation changed drastically, with an outflow of almost 101,000 DOT. This means that the Polkadot fund spent more than it earned from network activity.